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Articles Archive for July 2016

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[31 Jul 2016 | No Comment | ]

Why last year’s cut in FHA’s mortgage insurance premiums didn’t create more first-time home buyers https://t.co/SU4tlVYt5T

— MarketWatch (@MarketWatch) July 31, 2016

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[30 Jul 2016 | No Comment | ]

Wired reports:

Facebook is getting into real estate. This week, the company proposed building 1,500 apartments near its campus in Menlo Park, California, 15 percent of which it would set aside for low-income families. Urban planners and local developers call it a generous gesture that could bring sorely needed housing to the area.

Facebook isn’t being totally altruistic here. The company plans to hire 6,500 employees within the next few years. To accommodate them, it wants to build two new office buildings and a 200-room hotel on a 58-acre plot of land kitty-corner from its original campus. But many locals, including former Menlo Park mayor Steve Schmidt, aren’t on board with the idea. Earlier this month, in a letter to Menlo Park senior planner Kyle Peralta, Schmidt argued Facebook’s expansion would increase automobile traffic and hike up home prices in what’s already one of the most expensive regions in the US.

Technology companies are playing an increasingly large role in how cities grow—and not always for the better. The Wall Street Journal reports that San Mateo and Santa Clara counties—the heart of Silicon Valley—added 385,000 jobs between 2010 and 2015, but only 58,000 housing units. Unparalleled demand has led to overcrowding, soaring home prices, and fleets of corporate shuttle buses prowling the Bay Area—so companies seeking to expand there often face significant pushback.

The struggle to add to supply in a place that hates a free market in real estate.

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[29 Jul 2016 | No Comment | ]

* Press release…
The recorded debates from the state’s 1970 Constitutional Convention and previous Illinois Supreme Court rulings could not be clearer – the Illinois Supreme Court should reverse a recent Cook County Circuit Court ruling and order the Independent Map Amendment be put before voters in the upcoming November election, according to the coalition’s opening […]

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[29 Jul 2016 | No Comment | ]

* Twitters…

WOW. Political contributions in IL have already exceeded $100 MILL, and still 5 months left in 2016 #ILSunshine https://t.co/V6nL2594zg
— ILCampaign (@ILCampaign) July 29, 2016

* From that link…

Political contributions and transfers in Illinois for 2016 have now surpassed $100 million, nearing total amounts contributed in previous Presidential Election years.
In 2012 and 2008, there were […]

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[29 Jul 2016 | No Comment | ]

* She spoke at 4:45 yesterday afternoon, so most people will have only read or heard about it, if at all…
Rep. Tammy Duckworth addressed the delegation at the Democratic National Convention Thursday, slamming Republican presidential nominee Donald Trump.
“In Donald Trump’s America, if you get knocked down, you stay down,” Duckworth said to applause. “By the […]